Authorities Types Panel for Amusement Park at Tattoo Floor

Authorities Types Panel for Amusement Park at Tattoo Floor

SRINAGAR: The federal government on Tuesday established a committee to coordinate, plan, and execute the challenge titled ‘Growth of World Class Amusement Park at Tattoo Floor, Srinagar,’ adhering to prescribed norms, guidelines, legal guidelines, pointers, and the Grasp Plan.

Led by the Administrative Secretary of the Industries & Commerce Division, the 11-member committee is tasked with proposing a roadmap for the institution of the construction and nature of a Particular Goal Automobile (SPV) primarily based on the Request for Proposal (RFP). This course of might be carried out in session with Ernst & Younger LLP, engaged to offer Transaction Advisory and Funding Promotion for the event of a Theme and Amusement Park in J&Ok.

The committee’s extra tasks embody finding out the Web site Evaluation Report (SAR), Theme Park Benchmarking Examine Report, Funding Promotion Technique, Venture Structuring, Venture Procurement, and Venture Administration Construction, all to be ready by Ernst & Younger LLP.

Moreover, the committee will examine and advocate the draft bid doc, oversee the issuance of the RFP, consider the RPF for the collection of a concessionaire, and facilitate the signing of the concession settlement.

The panel is remitted to behave as a recommending physique, presenting proposals for approval by the competent authority all through the challenge, as wanted. Moreover, it’s going to deliberate and make choices on any associated points within the profitable execution of the challenge.

In August of final yr, the Ministry of Defence signed a Memorandum of Understanding (MoU) with the Ministry of House Affairs to develop roughly 139.04 acres of land at Tattoo Floor in Batamaloo for tourism and different associated actions. (GNS)

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